TGS Baltic advised Naujoji Ringuva and Spodrība in joining forces and setting up a leader in the Baltic region

08.12.2021 TGS Baltic advised Naujoji Ringuva and Spodrība in joining forces and setting up a leader in the Baltic region

A new leader in the development of cleaning products in the Baltic region. 

Our team has advised on a merger transaction between two historical producers of cleaning products – Spodrība (Latvia) and Naujoji Ringuva (Lithuania) – which was closed forming one group of companies. As a result of the merger, an obvious leader in the Baltic region in the field of production of cleaning products, which focuses on the development of eco-friendly and innovative products, has emerged.

Partners Marius Matonis, Nauris Grigals, Associates Paulius Dabulskis, Kaspars Treilibs advised clients on all legal issues.

Naujoji Ringuva was established in 1920. It develops and manufactures home cleaning and body care products, with priority to eco-friendliness, naturalness, and innovation.

Spodrība was established in 1921. It develops home cleaning and body care, garden care and professional cleaning products in line with its eco-strategy.